Does the discipline [of economics] have sufficient predictive power to play an important role in our debates about public policy?

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Review the following article: Interview with Daniel Hausman.
https://archive.nytimes.com/opinionator.blogs.nytimes.com/2015/07/14/what-economics-can-and-cant-do/?smid=tw-NYTOpinionator&seid=auto&_r=2

Post a brief summary of your thoughts on the following questions to the discussion board:

Consider firms in industries you are familiar with. Are firms in such industries price-takers or price-setters? How much control do they have over the prices they charge?

Does the discipline [of economics] have sufficient predictive power to play an important role in our debates about public policy?

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